The competitive structure of an industry refers to the
A) number of segments in the industry.
B) number and size distribution of companies in the industry.
C) the number of consumers in the industry.
D) number of competing products in the industry.
E) form that competition in the industry takes.

Question

Quizplus · Accepted Answer

The competitive structure of an industry refers to the number and size distribution of companies in the industry. It is concerned with the number of competitors, their relative size, and degree of influence they have on the market. Factors like the barriers to entry, economies of scale, and level of product differentiation affect the competitive structure of an industry.

The Competitive Structure of an Industry Refers to the